Plan Snapshot
- Plan Sponsor: Globoforce, INC.
- Sponsor EIN: 208734194
- Sponsor Address: 100 STAPLES DRIVE, FRAMINGHAM, MA, 01702
- Plan Type: 401(k)
- Total Participants: 440
- Total Assets: $55.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 440 | $55.8M | $2.2M | $5.5M |
| 2023 | 417 | $46.1M | $2.4M | $5.3M |
| 2022 | 481 | $33.4M | $2.5M | $5.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RSMUS LLP | Auditor | $27,825 | — | $27,825 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSMUS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,825
- Estimated Expense Ratio: 0.050% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $30,132 | — | — | $27,825 | — |
| 2023 | -$32,098 | — | — | $25,200 | — |
| 2022 | -$25,434 | — | — | — | — |